Ovata Capital Management Ltd Grows Stock Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Ovata Capital Management Ltd raised its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,800 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. Bowman Consulting Group makes up approximately 1.0% of Ovata Capital Management Ltd's holdings, making the stock its 23rd largest position. Ovata Capital Management Ltd owned 0.57% of Bowman Consulting Group worth $2,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company's stock worth $65,757,000 after acquiring an additional 128,981 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bowman Consulting Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock worth $19,979,000 after purchasing an additional 13,198 shares in the last quarter. Summit Creek Advisors LLC increased its position in Bowman Consulting Group by 14.3% during the 4th quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock valued at $9,317,000 after buying an additional 46,816 shares in the last quarter. Geode Capital Management LLC raised its stake in Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company's stock valued at $7,859,000 after buying an additional 27,056 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Bowman Consulting Group by 7.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 274,711 shares of the company's stock worth $6,854,000 after acquiring an additional 18,902 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the sale, the insider now directly owns 188,177 shares of the company's stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BWMN. Bank of America cut their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Robert W. Baird decreased their price target on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Finally, B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $33.83.

Bowman Consulting Group Trading Down 1.6 %

Shares of NASDAQ:BWMN traded down $0.35 during trading on Thursday, reaching $22.18. 24,584 shares of the company were exchanged, compared to its average volume of 96,102. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $36.65. The firm has a market capitalization of $382.92 million, a PE ratio of -27.96 and a beta of 1.24. The business's fifty day simple moving average is $22.22 and its 200-day simple moving average is $23.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%. The company had revenue of $113.22 million during the quarter, compared to analysts' expectations of $110.00 million.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.